About PENSCO Trust

Trusted Provider

Founded in 1989, PENSCO Trust is a regulated banking company with more than $10 billion in assets under custody and 50,000 clients. PENSCO has been a leading alternative asset custodian helping astute investors buy, hold and sell non-publicly traded investments in tax-advantage accounts. Our highly trained staff has expertise in this specialized area of investing that is hard to find elsewhere.

In addition to serving individual investors, PENSCO Trust provides solutions and services to Registered Investment Advisors, financial planners, family offices, accountants, attorneys, and others seeking an alternative asset custodian for their clients.

Unmatched Expertise and Experience

PENSCO Trust makes it easy to hold alternative investments in retirement accounts.

Our dedicated customer service team handles transactions quickly and efficiently, while being highly attentive to investors and their advisors throughout the investment process and the administration of the asset.

Alternative asset transactions and maintenance can be multifaceted and complicated – a key reason most traditional brokerage firms and retirement plan custodians don’t offer them as an option. Investors rely on us to:

  • Document IRA ownership of each asset for tax deferment and IRS reporting
  • Track and report all investment activity in their accounts
  • Process annual tax documents such as IRS Forms 1099s and 5498s.
  • Physical assets
  • Receive income, pay expenses, update valuations and more.

Investor and Data Protections

Since 1989, we’ve met the rigorous standards set by the IRS for custodians that hold qualified, tax-advantaged, self-directed retirement accounts. As a non-depository trust company under authority by the state of New Hampshire Banking Department, PENSCO is subject to regular inspections by state auditors.

Other Protections in Place include:

  • Cash Asset Protection: We deposit un-invested cash into FDIC insured banks, providing each investor of up to $250,000 per institution. We may deposit cash in multiple banks to ensure the entire cash balance is FDIC insured.
  • Insurance Coverage: PENSCO maintains Management Liability, Professional Liability and Fidelity Bond coverage for the failure to render professional services and for illegal acts, such as fraud and theft by employees, directors and owners.
  • Business Continuity Plan (BCP): We maintain a comprehensive business continuity plan that includes redundant systems, a high availability data center, electronic image routing, remote access, and cloud queuing of phone calls.
  • Data Security: PENSCO maintains a comprehensive information Security Program that governs access to physical and electronic client information. We employ leading external experts to regularly test our network security, audit our information security controls, and continuously monitor and improve our website security.

PENSCO is a banking company regulated by the State of New Hampshire Banking Department. PENSCO's corporate headquarters is in San Francisco.

PENSCO Trust Company does not provide investment advice, does not sell investments, and does not offer tax or legal advice. PENSCO does not evaluate, recommend or endorse any advisory firm or investment. Investments are not FDIC insured and are subject to risk, including the loss of principal.